30 Year Republican: What the Mainstream Media Isn't Telling You
Ep. 73

30 Year Republican: What the Mainstream Media Isn't Telling You

•

Episode description

Forty hours at a warehouse job. Here is the paycheck, every line of it, and what is left at the bottom.

Then a definition nobody has ever bothered to give you straight.

Not an argument and not a pitch. Every number in this is public and I say where each one is from.

Download transcript (.srt)
0:12

Let me read you a paycheck. Amazon Warehouse Job,

0:16

Illinois, 40 hours a week at $22 an hour.

0:21

Seems like an amazing job, and it seems like the one that you might want

0:26

for your kids or for your nephew who is complaining about the economy,

0:30

complaining about the the person who's currently in the office of the president.

0:37

But

0:38

That's the real wage right now,

0:40

twenty two dollars an hour. That is a job that you could actually get in Illinois.

0:44

I checked the job listings. Forty hours.

0:47

So

0:48

that's eight hundred and eighty dollars before any money comes out of your paycheck,

0:52

in a week. So eight hundred and eighty bucks for a week sounds pretty decent.

0:56

Those numbers are built from the actual wage and the actual insurance costs that

1:02

employers report. So you can you can check them.

1:05

I'm I'm not making them up. I'm not

1:07

like averaging across 10 years of of old information.

1:10

This is what the number is right now.

1:13

Let me break down the deductions because this is the whole conversation right here.

1:19

Social Security taxes comes out of that.

1:22

$54.80, that's six point two percent of the gross.

1:26

Medicare comes out, that's twelve dollars and seventy six cents,

1:29

that's one point four five percent.

1:32

Federal income tax withholding,

1:34

depending on their filing status and whether they have dependents,

1:37

is roughly $100 per week. That

1:41

is already $167.56 gone before they have health insurance,

1:47

before they have anything else.

1:48

Then the health insurance. The company typically contributes part of it,

1:53

and the company calculates as part of your total compensation,

1:57

but the employee share still comes from the paycheck.

2:01

For basic coverage, not great coverage,

2:03

just basic coverage, the American average of $1,886 as a deductible,

2:10

not including the 20% coinsurance on anything that you need medical help with.

2:16

That's about $60 per week out of the employees' take home.

2:21

So out of $880 gross,

2:24

we've taken out $227 in taxes and health insurance.

2:29

That leaves about six hundred and fifty-two dollars and forty-four cents per week.

2:34

That's a person working forty hours per week taking home six hundred

2:39

and fifty-two dollars. We're gonna cut off the forty-four cents because let's

2:43

be honest, we all learned the old way of doing math,

2:45

and it's a lot easier to put numbers together when you cut out everything behind

2:49

the decimal. And what can 44 cents buy you anyway?

2:51

So that's $2,610 per month before rent.

2:58

Before food, before a car payment,

3:00

before anything. The national average rent for a one bedroom,

3:05

one bathroom apartment in August 2026

3:09

is about $1,663 per month,

3:12

$1663. Now if you remove the ten largest US cities,

3:18

which is what we've done, where rents are for similar units,

3:22

one bedroom, one bath or often exceeding thirty five hundred dollars,

3:25

they're what

3:26

The cities that you'd think of,

3:27

there are there are actually four of them in Texas,

3:29

New York City, Chicago, Phoenix,

3:31

Arizona, San Diego, San Francisco,

3:34

the big top ten most expensive cities in the entire country.

3:37

I removed that from the entire list.

3:39

The average rent for a one-bedroom,

3:42

one-bath apartment is $1,663.

3:45

So that typically brings the average down once you remove it to $1,400 $1,500,

3:51

depending on whether.

3:53

A median or mean average is used.

3:56

So let's say they find an apartment for 1600 bucks.

4:00

That's that's the number I have in my mind,

4:03

certainly when I was in college and when I was a younger person with a one-bedroom,

4:06

one bathroom apartment. Sixteen hundred bucks was about the going rate for rent now.

4:10

So that leaves a single person by themselves in a one-bedroom,

4:15

one bath apartment.

4:16

With $1,010 left for the entire month.

4:19

Back in 2025, just feeding yourself costs anywhere from $245

4:26

to $500 every month. And that was before the grocery index climbed another

4:32

2.7% in 2026. That's the CPI.

4:36

It keeps track of the most common things that we buy and gives them

4:40

a general price throughout the national average.

4:43

Again, they're using

4:44

Swapping between mean and median,

4:46

and they arrived to a 2.7% increase on CPI.

4:52

But those broad averages don't tell the whole story of what happens at the register.

4:57

They hide the actual math of a shopping trip.

5:00

In fact, if you like coffee, just a good cup of black coffee like I do,

5:06

coffee prices spiked by 33 to 35%.

5:09

And if you want to have a hamburger or

5:14

I don't know, a beef sausage in the morning with a little bit

5:18

of oatmeal or something. Ground beef went up twenty two percent year over year.

5:23

But there is good news there was one grocery staple that did drop thirty percent

5:30

eggs. Everything else has been consistently higher month to month

5:34

at the grocery store. That is what we're working with.

5:37

Keep that number. The entire conversation is about whether that person

5:41

can live on it.

5:43

And what makes that possible or impossible?

5:45

Now let me tell you who's talking because you should weigh it.

5:50

My name is Joshua. In most of my life,

5:53

I am the computer guy. I'm the one you call when your email stops working

5:58

or when your iPhone starts doing something it did not used to do

6:02

and you can't figure out what changed.

6:04

I come over, I fix it, I don't make you feel stupid about it.

6:07

I mention that because this is the same job.

6:12

Somebody hands you a machine and a story about how it works,

6:15

and sometimes the story's wrong and somebody has to sit down and go through

6:19

it with you without being a jerk about it.

6:22

Here's the other part. And it's the part that matters for weighing what

6:26

I'm about to say. I was a Republican for thirty years.

6:30

Not casually. I walked door to door for George W.

6:34

Bush two times. Once before I was old enough to vote.

6:37

I knocked on strangers' doors in the heat.

6:40

Living in Louisiana and made the case.

6:43

I believed it. If you and I had talked politics in two thousand four,

6:47

I would have argued with you from the other direction and I would have been good

6:52

at it. I left the party officially in twenty sixteen.

6:55

I'm not gonna perform pride or or shame about that,

6:59

it's just what happened. And I ended up well to the left of where I started,

7:04

which I also am not going to hide because you would find that out in about

7:08

a minute anyway, and

7:09

Then nothing else I said for the rest of this episode would you actually listen to?

7:15

I'm telling you all of this in the first minute instead of the last one,

7:19

because the whole point here is that you should not have to take anybody's word

7:25

for anything, including mine. Every number I just read and every number

7:30

I am about to read is public information.

7:33

I will tell you where each one comes from,

7:36

and you can go and check them.

7:37

If I have one wrong, I want to know.

7:39

You can send me an email. It's the overlap at FOF dot foundation.

7:45

No dot com at the very end. Just

7:48

the overlap at FOF.foundation.

7:54

I'm not here to convert you. I spent thirty years on the other side

7:59

of this and nobody ever converted me by winning an argument.

8:02

Not one time. I changed my mind slowly by myself over years and

8:09

After the facts stop fitting the story that I had.

8:12

That is the only way it has ever worked for anybody.

8:17

What I can actually do is hand you the definition of a phrase as the people

8:22

who hold the position actually use it,

8:25

instead of the version that circulates on your favorite mainstream media channel.

8:30

That's the whole job. So here is the phrase.

8:33

Democratic socialism means the workers

8:39

And the community have a say in who owns and who controls the things they depend

8:45

on to live a power plant, a water system,

8:49

a hospital, a utility, who owns it,

8:53

who runs it, and whether a fund in another state gets to buy the factory

8:58

in your town, strip it for parts,

9:01

lay off five hundred people, and disappear.

9:04

That is what the phrase means.

9:07

Not that the government seizes things,

9:09

not that you own nothing. A say,

9:13

a vote, a seat at the table when decisions that determine your life get made.

9:19

Let me be also very clear about what it does not mean,

9:23

because this is where the conversation got hijacked.

9:27

It does not mean communism. Communism says the state owns everything.

9:33

And you cannot vote that out ever.

9:36

Democratic Socialism says you vote,

9:39

and if you do not like it, you vote it out.

9:42

That is the entire difference.

9:44

Elections. That phrase is load bearing,

9:48

and it's the one that never survives the trip to television.

9:52

It does not mean the government takes your house or your truck or your gun.

9:58

It means the community decides who owns the water system and the power lines.

10:04

Shared infrastructure, not personal property.

10:07

Those are different categories,

10:09

and they get deliberately blurred.

10:12

It does not mean that nobody works.

10:14

The one I want to spend a minute on because it's exactly backwards from the history.

10:20

Eugene Debs was a railroad man.

10:23

Fireman on a locomotive at nineteen.

10:26

He helped build the American Railway Union.

10:29

In nineteen eighteen he gave a speech in Canton,

10:33

Ohio against the draft, and the federal government convicted him under

10:38

the Espionage Act and sent him to the Atlanta Penitentiary.

10:42

He was inmate number two hundred two five three,

10:45

and in nineteen twenty, from inside that cell he ran for president

10:51

of the United States of America and got nine hundred fourteen thousand votes.

10:56

Think about what that number means.

10:57

Almost one million Americans,

11:01

most of whom would never have called themselves radicals,

11:04

voted for a man in federal prison.

11:07

Not because they had read theory,

11:09

because they remembered the coal mines.

11:12

They remembered twelve hour shifts in the mills seven days a week.

11:17

They remembered men worked until they died and then replaced on Monday.

11:22

The demand those people were making was

11:25

Was not that nobody should work.

11:27

The slogan was eight hours for work,

11:30

eight hours for rest, eight hours for what we will.

11:33

They wanted a life on the other side of the shift.

11:37

And they won it in pieces over forty years.

11:41

The Adamson Act in nineteen sixteen gave railroad workers

11:46

the first federally mandated eight hour day.

11:48

The Fair Labor Standards Act in nineteen thirty eight.

11:53

Establish the forty hour work week and the minimum wage.

11:56

Your weekend came from that fight.

12:00

Overtime pay came from that fight.

12:03

If you have ever gotten time and a half,

12:06

you have collected on a debt that those people paid,

12:10

sometimes with their lives. That is not nobody working,

12:13

that is everybody working, and not having your entire life be your job.

12:19

And here's the part I want you to sit with because it's the one that got me.

12:22

There is a decade a lot of people on the right point back to as when this country

12:28

worked. One income could carry a house and a family.

12:31

A man could get hired at a plant at twenty and retire from it.

12:35

You could buy a home on a factory wage.

12:38

That was the middle of the nineteen fifties,

12:41

and in nineteen fifty four.

12:43

Union membership in the American workforce hit its all time peak right around

12:49

a third of every worker in the United States.

12:52

Those two facts are the same fact.

12:55

The era people are nostalgic for is the era with the highest union density

13:02

in American history, the strongest labor law,

13:06

and the top tax rates of this century.

13:09

That is not a coincidence but

13:12

And it is not a coincidence anybody wants to explain to you,

13:15

because the moment that you notice it,

13:17

a lot of what is on television stops making sense.

13:21

It does not mean that Venezuela or Cuba or the Soviet Union.

13:26

Those were disasters, dictatorships,

13:30

no real elections, and millions dead.

13:33

I am not going to soften that or walk around it,

13:36

and I understand completely.

13:38

Why those are the places that come to mind when you hear the phrase.

13:41

Those governments used the word and betrayed it by making sure no

13:47

one could vote them out. That is not democratic,

13:50

and that is not democratic socialism.

13:53

That is the opposite of it. And the thing that makes it the opposite

13:57

is the elections. I will say this very plainly because it cuts both directions.

14:03

Plenty of people who use the word socialism in the

14:07

In this country are insufferable.

14:09

You know the type, university types,

14:12

campus types who have never had a job,

14:15

who use the word as a costume,

14:17

and could not tell you what a shop steward does.

14:21

They exist. They are annoying.

14:23

They are also not who I am describing.

14:27

They are not who wrote any of the history that I just gave you.

14:32

But anybody who argues against socialism.

14:36

Using only Venezuela without ever mentioning Denmark or Norway

14:41

is picking examples that serve them.

14:43

If the claim is that it does not work,

14:46

then explain Denmark. Then explain Norway.

14:50

Explain why those countries have higher wages,

14:53

shorter work weeks, better health outcomes,

14:57

longer lives, and functioning economies with shining examples

15:02

of capitalism working within their system.

15:04

GLP ones, simaglutide, terzepitide are a perfect example of that.

15:08

An honest argument points at all of them.

15:12

Now here's the part that I think actually matters,

15:15

and this is not theoretical. It already exists here.

15:18

You already use it, you already like it.

15:21

Medicare. That's not capitalism.

15:25

You do not buy Medicare on an open market.

15:28

There is no Medicare store. No company competes to sell it to you.

15:34

You pay over your working life.

15:36

And then when you turn 65, it's there.

15:39

You do not have to hope your employer still offers coverage.

15:43

You do not have to fear losing it.

15:46

Who pays for it? Workers through taxes.

15:49

Who owns it? All of us. Who does it serve?

15:53

Everyone over sixty five. That is public ownership and democratic control.

15:59

The VA.

16:00

Veterans Affairs funded by taxes,

16:03

run by the government, serving people who served.

16:07

It has real problems and gets overstretched,

16:11

and in a number of measurable areas it still posts better patient outcomes than

16:17

private hospitals. Who pays? Taxpayers.

16:21

Who owns it? The public. The Interstate Highway System.

16:26

Eisenhower, a Republican general,

16:28

built it.

16:30

Paid for it with gas taxes, built by public works,

16:33

maintained by public agencies.

16:36

Every truck carrying goods across the country runs on it.

16:40

If a company owned the highways and charged by the mile,

16:44

commerce would be slower and more expensive.

16:47

Who owns it? The public. Who does it serve?

16:51

Everyone. The fire department,

16:53

funded by property taxes, staffed by public employees.

16:58

It shows up whether you can afford it or not.

17:01

Your house is on fire, they come.

17:04

Nobody asks about your insurance.

17:06

Nobody bills you for the water.

17:09

That is what a public service is.

17:11

A county road crew that salts the roads when there's ice or snow.

17:15

Crop insurance that carries farmers through a bad year.

17:19

Rural electric co ops which are owned by the members who use them.

17:24

And when they run a surplus, it's

17:26

It goes back to members as lower rates,

17:29

instead of out to a shareholder who has never been to the county.

17:33

The Tennessee Valley Authority brought power to seven states

17:37

in the nineteen thirties Tennessee,

17:40

Alabama, Kentucky, Mississippi,

17:43

North Carolina, Georgia, and Virginia.

17:46

Before that, fewer than one in ten rural homes had electricity.

17:51

People were living like it was eighteen eighty,

17:54

no power, no refrigeration, no modern tools.

17:58

Your CPAP didn't work, and your

18:02

Diabetes medication could not be refrigerated.

18:04

Private companies had already looked at it and said no,

18:08

it's not profitable. That was communities deciding some things are

18:14

too important to leave to profit.

18:16

So we will own it, we will run it,

18:19

and we will decide together what happens to it.

18:22

Every one of those falls into the same category public

18:26

or community ownership democratic control.

18:30

No outside fund extracting value.

18:33

They have been working for fifty,

18:35

seventy, ninety years. Your family depends on several of them right now.

18:41

And nobody calls them socialism because nobody ever had an interest

18:47

in making you afraid of the word when it's attached to something you like.

18:51

So what democratic socialism asks for is not something different from Medicare.

18:58

Or the fire department. It's the same thing.

19:00

It's just applied more broadly.

19:02

It asks who owns the hospital?

19:05

Right now, a lot of them are owned by private equity,

19:09

and they're buying more every single month.

19:12

Let's give a specific example because this is real and recent,

19:17

and I want you to look up every single part of it.

19:20

Anchor Hawking Glass. Charleroi,

19:24

Pennsylvania in Washington County.

19:27

That plant had been running in that town for a hundred and thirty-two years.

19:31

Multiple generations of the same families worked there,

19:34

learned the trade from their fathers,

19:36

passed it to their kids. Around three hundred people had employed jobs there.

19:42

Decent wages for the area too,

19:44

plenty of benefits, an employee union,

19:47

stability in a town that does not have a lot of stability.

19:50

In February of twenty twenty four,

19:53

Center Lane Partners, a private equity firm,

19:56

Acquired that business. By the end of twenty twenty four,

20:00

the Charleroi plant was closing three hundred jobs.

20:03

The firm that bought it was not in the business of making glass.

20:07

They looked at the assets and the property and the inventory and came

20:12

to the conclusion that it was worth more shut down and moved than running.

20:17

The Pennsylvania Attorney General filed an antitrust complaint that October

20:22

to stop it.

20:23

And a federal judge ruled the closure could proceed.

20:26

The people in Charleroi did not get to vote in any of that.

20:31

The workers had no seat at the table.

20:33

They didn't ask the community.

20:35

132 years ended because a hedge fund in another state decided that

20:42

was the best use of the asset.

20:45

It's happening now all across the country with data centers.

20:48

And if that feels like something new,

20:51

like some modern private equity invention,

20:55

it is not. It happened on that same river,

20:57

and it's worth knowing how because it explains why nobody wanted a seat

21:01

at that table in the first place.

21:03

Homestead, Pennsylvania, twenty some miles up the I'm gonna mispronounce this,

21:10

but Monangahila from Charleroi.

21:14

July of eighteen ninety two, Carnegie Steel,

21:17

the most productive steelworks in the country,

21:20

and the men in it belonged to the Amalgamated Association of Iron and Steel Workers,

21:27

which was then the strongest union in America.

21:30

Andrew Carnegie wanted the union out.

21:33

He also wanted to be in Scotland while it happened,

21:37

so he left it to his chairman,

21:39

Henry Clay Frick, and Frick.

21:42

Did it thoroughly. He built a fence around the print plant three miles long with

21:46

barbed wire on top, and holes cut in it at rifle height.

21:51

The men called it Fort Frick. He locked them out,

21:55

cut the wage, and hired three hundred Pinkerton agents.

22:00

On july sixth, he floated those Pinkertons up the river on barges in the dark,

22:05

armed, to take the plant. The town was waiting.

22:10

What happened next was not a labor dispute,

22:12

it was a gunfight on a riverbank that went most of the day and left men dead

22:17

on both sides. The Pinkertons surrendered,

22:20

and the workers won. They won for six days.

22:24

Then the governor sent eight thousand state militia,

22:28

and that was the end of it. The plant reopened without the Union,

22:31

and Union steel in that valley did not come back for forty years.

22:35

Now hold the

22:37

These two things next to each other Homestead in eighteen ninety

22:41

two and Charleroi in twenty twenty four.

22:44

Same river? Same question? Who decides what happens to the place where three hundred

22:51

people work? And do the three hundred people get a say in it?

22:55

In eighteen ninety two the answer arrived on a barge with rifles.

22:59

In twenty twenty four it arrived as a filing.

23:03

Nobody had to fire a shot in Charleroi,

23:05

because nobody there had any mechanism to say no.

23:09

That is the whole difference. And it's not the kind of progress it sounds like.

23:15

Democratic Socialism says no. It says when you own a plant in our town

23:21

and employ our people, the workers and the community get a voice in what happens

23:26

to it. Now, not necessarily a veto,

23:30

a voice.

23:31

A union contract with real teeth,

23:33

a mechanism where the people who eat the consequences have input into the decision.

23:40

It says the water system cannot be a cash extraction machine for a hedge fund.

23:47

It says a hospital cannot be a thing you buy,

23:51

squeeze for five years, and flip.

23:54

It says the power grid is a utility that has to work.

23:58

Not a stock to trade. And it says a working person who works forty hours

24:04

a week should be able to live.

24:06

The warehouse worker we started with at two thousand six hundred ten dollars

24:11

a month not survive, live, make rent,

24:15

have food, a vehicle that gets them to and from their job,

24:20

take a kid to the doctor without it being a financial event.

24:25

That is what the argument is actually about.

24:27

Now, the honest part, and I'm gonna be straight with you rather than sell

24:32

you something. It costs money.

24:34

Somebody has to pay for it. I'm not gonna pretend public systems are free

24:40

or that they don't require taxes because they do.

24:43

That is real, and anybody who tells you different is selling you something.

24:47

And government does run things badly sometimes.

24:52

I have sat at the DMV like everyone else.

24:55

Public programs have waste in them.

24:57

They have people being paid to move paper instead of solving the problem.

25:02

I understand exactly why that makes you nervous because it makes me nervous too.

25:07

And I'm not going to insult you by pretending that the concern is irrational.

25:12

It is not. But here's my actual answer to it.

25:15

The comparison being offered to you is the worst of governments.

25:21

Against a gleaming vision of private business that exists in theory.

25:26

In practice, private systems have enormous waste too.

25:30

They also have people moving paper instead of solving problems.

25:34

The difference is you do not see it.

25:36

Because it's buried in premiums and executive compensation and marketing budgets,

25:42

it comes out before the bill ever reaches you.

25:45

But that is still your money.

25:48

The question is not whether or not there will be waste,

25:51

there will be. The question is whether the waste is serving you

25:56

or extracting from you. So let me put real numbers on it.

26:00

An ambulance ride in this country ten minutes,

26:04

local transport, that runs you roughly a thousand dollars out of pocket.

26:10

One thousand dollars for ten minutes in a vehicle with lights on the roof.

26:17

Air transport, a medical emergency needing a helicopter.

26:21

The government accountability office looked at this.

26:24

You are talking tens of thousands of dollars,

26:27

and a large share of those flights are out of network,

26:30

which means your insurance covers part,

26:32

and you get billed for the rest.

26:34

People have gotten bills over twenty thousand dollars for a helicopter ride when

26:41

they were unconscious and did not choose it.

26:44

In Norway.

26:46

That ride does not generate a bill.

26:48

Neither does the ambulance. They pay for it in taxes,

26:51

and yes, their taxes are higher.

26:54

I'm not going to pretend that they're not,

26:56

but nobody in Norway gets a twenty thousand dollars bill for

27:01

a helicopter because that is not how they decided to build it.

27:05

And they decided it democratically.

27:08

Here is the big number. The United States spends fourteen thousand dollars.

27:13

seven hundred and eighty one dollars per person per year on healthcare.

27:18

That is everything. Your share,

27:21

your employer's share, the government's share.

27:25

Every year, whether you go to a doctor or not.

27:29

Denmark spends seven thousand seventy one dollars per person.

27:34

That is roughly half, not somewhat less,

27:38

half.

27:39

And the Danes work fewer hours,

27:41

take more vacation, live longer,

27:44

and have lower infant mortality.

27:47

Half the money, better outcomes.

27:51

That is not an opinion. That is spending data from countries doing it right now.

27:57

So the question is this: Do you want the water system owned

28:02

by a fund looking to maximize extraction?

28:06

Over five years before selling it to another hedge fund,

28:09

or owned by the community that drinks the water.

28:13

That is the actual vote.

28:16

I want to say one more thing and I'll get out of your way.

28:18

Some profit is fine. Investment requires return.

28:23

Building something requires a reason to build it.

28:27

I am not confused about that, and I'm not arguing against business existing.

28:33

What I am arguing again is that what happens when profit becomes

28:39

the only thing we care about.

28:43

When a pension gets looted by a fund manager two states away who has never

28:48

met a single worker and has no reason to care whether they can put food

28:53

on the table at seventy years old,

28:55

when a utility is run to pull value out now instead

29:01

of maintaining the lines for the next fifty years,

29:03

when a hospital gets treated like a playing card or a trading card,

29:09

that's not really capitalism anymore.

29:12

That is extraction. And you can tell the difference because extraction never builds

29:18

anything. We have done it the other way before,

29:21

in living memory, in this country.

29:24

The New Deal, rural electrification,

29:27

the forty hour work week, the VA,

29:30

Medicare, all of those things exist.

29:33

They are imperfect. But they work.

29:36

And they work because they were built on one idea.

29:40

Some things are too important to leave it to a profit motive.

29:45

So we own them together and we decide together.

29:49

Now back to our person, the warehouse associate in Illinois,

29:53

forty hours, two thousand six hundred and ten dollars a month.

29:57

Right now between premiums, copays,

30:00

deductibles, coinsurance, that household is losing several hundred dollars

30:05

a month to health coverage.

30:07

Before anyone actually gets sick.

30:09

Under a system built the way Denmark or Norway built theirs,

30:13

most of that becomes tax. At roughly half the total per person cost.

30:18

What is left over is not a rounding error to somebody at that income.

30:22

It's the dentist. It's a car that starts.

30:26

It's winter boots that are not held together with duct tape.

30:30

Will it take more taxes? Yes. The question is whether you would rather

30:34

pay through taxes into a system designed to serve you or through premiums

30:41

and deductibles and surprise bills from out of network anesthesiologists into

30:46

a system designed to extract money from you.

30:50

You're already paying for it. That's the part that gets left out.

30:54

You are already paying and paying more.

30:58

For less. You're gonna keep hearing this word,

31:01

this phrase, democratic socialism.

31:04

And it's going to get thrown at you on television and in arguments

31:08

and by people running for office.

31:10

But now you know what it actually means.

31:13

You know how it differs from communism.

31:15

And that the difference is elections.

31:19

You know why Venezuela is not the comparison and why Denmark is.

31:25

And you know you already use several pieces of it every week.

31:29

So when somebody uses the word at you,

31:31

you can tell whether they know what they're talking about.

31:35

If they tell you it means the government seizes your house,

31:39

they're either lying to you or they read it somewhere and never checked.

31:43

If they tell you it means that nobody works,

31:46

they do not know what a union is or what the labor

31:50

Bur movement actually won. If they bring up Venezuela and never once mention

31:56

Denmark, they're cherry picking their examples.

32:00

That is what I wanted to hand you.

32:02

Not a conclusion, just the actual definition of democratic socialism

32:07

and the receipts, so that next time it comes up you are arguing about

32:12

the real thing instead of a caricature you were sold.

32:16

You can disagree with all of it.

32:19

Plenty of people do, and some of them are rather good at arguing it.

32:23

But now you can disagree with what it is,

32:26

not something that it's not. That is worth something.

32:30

Thank you.